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YFI

YFI - Testing A Key Support, Will History Repeat itself?YFI, everyone's favorite anomaly, is testing it's newly formed upward channel and the high liquidity area that has lead to multiple bounces in the past uptrend. MACD is still bullish, though weakening ever so slightly. priority is still up. RSI just left overbought, position is strong. This could potentially be a good opportunity to get in on the next leg up, lets see how it resolves this corner of the ascending channel. If we break the channel and support we're going back down to .236 fib area. If we can hold the channel it's an easy ride up.
by cryptosince1963
2
YFIUSD 4HR: How to play the near term correctionHappy Friday everyone, this mornings breakout my have been short lived, but as stated prior that upper purple line is our trend channel resistance. So what do we do now? A. Don't panic, and have a game plan. B. Novice traders will see red and fold on a strong hand, simply put, when my previous targets are reached its very important to take some profits off the table so you can increase your position on these corrective moves downward. C. As long as you follow this, when the trend resumes you will be more profitable upon a corrective reversal to the upside. Overall, we are still in the rising channel with a long term bullish outlook with the prior posts levels still in play. Near term, we will need to strategically increase our position with the cash we have on hand from the prior profits. YFI is a yield optimizing coin, it needs some sideways action before pushing higher. As always, feel free to leave questions in the comments, cheers! -Tony
BINANCE:YFIUSD
by TA-Tony
3
YFI 1D The last bastion of sellers' defenseThe previous idea worked out in a positive way. During the week the price made +50% , and in just 10 days of growth +90% . Having broken the "Head and shoulders" base, buyers announced their serious intentions. Now the price has stopped at the last bastion of sellers' defense, the zone $30,000-31,000 . It was not possible to break it the first time. The rollback to the Head and shoulders base $21,000-22,500 , and then it will be decided where further. The tradinf delta will show what prevails: sales or purchases, as well as the general mood in the crypto market, will tell where the price can move next. The global targets are impressive, as are the volatility on the coin: either $44,000 or $10,000. The main thing is to follow the algorithm of actions described above and adhere to it. ________________________________ Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
10
✳️Yearn.Finance/USDT (17/11) #YFI $YFIYFI is in a strong uptrend with the nearest support zone at 18500-19500$, if this zone breaks, YFI will lose this uptrend. YFI is heading to the 21500-22500$ resistance zone, which is important because if it breaks, YFI will rise sharply in the coming days. 📈BUY- LONG -Buy: 18500-19500$, stoploss if B 📉SELL-SHORT -Sell: 21500-22500$, stoploss if A -Sell: 26500-27500$, stoploss if A -Sell: 31500-32500$, stoploss if A ♻️BACK-UP -Sell close to 18500-19500$ if B, stoploss if A -Buy: 12500-13500$, stoploss if B -Sell close to 12500-13500$ if B, stoploss if A -Buy: 7500-8500$, stoploss if B ❓Details: Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation
7
YFIUSD 4HR Chart says it all. -long if we close above 25k with buy volume also disproportionate of the past sell volume (sell volume looking weak at time of publishing) -Short if we close below and reverse volume scenario to the above statement. -I recently made an account as returning to a more normalized daily life seems to be far on the horizon. I work in the industry and figure I may as well start publishing material instead of answering 100 txts/dms after my normal 8-5 and help some people out. hope you all enjoy, would love to hear any thoughts apposing my view, and am happy to publish material on any security posted in the comments with the most likes. I dont have time to login here more than once a day, inherently thats my best gauge of interest without having to scroll. Best of luck to everyone, cheers! -Tony
BINANCE:YFIUSD
by TA-Tony